Verizon LTE * 85% 9:58 PM ezto.mheducation.com Question 1 (of 7) 14.28 points Ex

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Verizon LTE * 85% 9:58 PM ezto.mheducation.com Question 1 (of 7) 14.28 points Exercise 13-7 Trend Percentages [LO13-1 Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Sales 4,572820 $4882,640 $5,118.650 $5.584.890 $5,689 210 94,814 98,142?95928 79220?78.874 405,200 426,575 451,170 509.482 570,337 Accounts receivable, net 807.021 ,003 18,759 83521924 Total cument assets $1,307,035 $1,393,720 $1,365,857 $1,472223 $1,551 89 Current labilities 319.271 343,614 328.144 $ 337.745 382.183 Required Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (ie., 0.1234 should be entered as 12.3).) Sales Current assets: Cash Total current assets Current liabilities References eBook &Resources; Worksheet Difficulty: 1 Easy Exercise 13-7 Trend Leaming Objective: 13-01 Percentages [LO13-1] Prepare and interpret financial statements in

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Solution:

Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Sales $4,572,820.00 100.0% $4,882,640.00 106.8% $5,118,650.00 111.9% $5,584,890.00 122.1% $5,689,210.00 124.4% Cash $94,814.00 100.0% $98,142.00 103.5% $95,928.00 101.2% $79,220.00 83.6% $78,874.00 83.2% Accounts receivables $405,200.00 100.0% $426,575.00 105.3% $451,170.00 111.3% $509,482.00 125.7% $570,337.00 140.8% Inventory $807,021.00 100.0% $869,003.00 107.7% $818,759.00 101.5% $883,521.00 109.5% $902,486.00 111.8% Total Current Assets $1,307,035.00 100.0% $1,393,720.00 106.6% $1,365,857.00 104.5% $1,472,223.00 112.6% $1,551,697.00 118.7% Current liabilities $319,271.00 100.0% $343,614.00 107.6% $328,144.00 102.8% $337,745.00 105.8% $392,183.00 122.8%

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